Resource sector lift stocks to record close

SAN FRANCISCO (MarketWatch) -- Canadian stocks closed sharply higher Wednesday, extending their winning streak to three sessions and setting a record, driven by gains in market heavyweights oil and gold.

The S&P/TSX Composite Index (SPTSX) rose 87 points, or 0.6%, to 13,448.31, surpassing the previous high of 12,433.

The materials sector posted a 1.4% gain, boosted by the price of gold, which rose more than $7 an ounce to close at $677.50.

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